Highlights imports of manufacturing-related items in the last financial year 2025-26 Government Plans Major Push for Domestic Manufacturing Amid West Asia Crisis IBT CORRESPONDENT: Like during the COVID-19 pandemic, the government is preparing to turn the West Asia crisis into an opportunity. Similar to the Production Linked Incentive (PLI) scheme,...
Union Minister of Commerce and Industry Shri Piyush Goyal today said that India has set a target of achieving exports worth 1 trillion dollars this year and 2 trillion dollars over the next five years, asserting that this would be the true hallmark of an Atmanirbhar Bharat. Addressing the website...
Important Points New Delhi: The Central Government has dismissed reports and social media claims suggesting that it plans to monetise gold held by temples and religious institutions across the country. In an official clarification issued by Press Information Bureau, the government described such reports as “false, misleading, and completely baseless.”...
India is likely to continue exporting seafood to the EU after 2026.The EU recognised India’s improved food safety and monitoring systems.Seafood exports to the EU are worth over US$ 1.5 billion.Farmed shrimp remains India’s biggest seafood export to Europe.The decision is expected to boost jobs, exports and foreign exchange earnings....
India’s economic performance in 2025 stands out as a remarkable example of resilience in a world fraught with uncertainties. In the first quarter of FY 2025-26, the economy recorded a real GDP growth of 7.8%, the highest in five quarters, improving from 7.4% in the previous quarter (Q4 2024-25). This...
The scent of incense, the hum of chants, the flicker of diyas in India, devotion is spiritual and it’s also economic. Festivals like Diwali, Durga Puja, and Navratri spark over ₹3 lakh crore in economic activity each year. From idol-makers preserving centuries-old craftsmanship, to tech platforms connecting devotees with services...
India has surpassed Japan to become the world’s fourth-largest economy, with its GDP reaching US$ 4 trillion, according to IMF data cited by NITI Aayog CEO BVR Subrahmanyam. He projected that India could rise to third place within three years. At the 10th Governing Council Meeting of NITI Aayog held...
India’s gig economy is undergoing a rapid transformation, emerging as a critical pillar of the country’s labor market. With an estimated 7 million gig workers in 2021 projected to rise to 23.5 million by 2030, gig work is expected to contribute around 2.5% to India’s GDP. Driven by technology, a...
India has long had a rich untapped potential for religious tourism, even as it continually draws millions of pilgrims and travelers seeking spiritual enrichment. With its vast network of temples, mosques, churches, gurudwaras, and sacred rivers, the country offers an immersive experience that blends faith, tradition, and culture. Religious tourism...
India’s ports sector is on a rapid growth, with plans to expand capacity by 500-550 MTPA annually between FY23 and FY28. A report by Motilal Oswal Financial Services highlights that rising cargo volumes, particularly in petroleum, coal, and containerized goods, are driving this expansion. With a strategic maritime location, strong...
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